Bank of South Australia.
THE DIRECTORS CONDEMNED. (Per Press Association) Lokdon, February 17. The Official Receiver's report on the Bank of South Australia states the directors and officers are largely responsible for the failure of that institution ; first, by neglect to control supervision, especially over the Melbourne manager, and, secondly, by laxity in the matter of individual advances, particularly on tha security of land and for speculative investments. He advises further enquiry should be made intp the officers oi the bank.
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Bibliographic details
Feilding Star, Volume XVI, Issue 196, 18 February 1895, Page 2
Word Count
81Bank of South Australia. Feilding Star, Volume XVI, Issue 196, 18 February 1895, Page 2
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